The chairman of the Financial Regulatory Authority (FRA) Dr Mohamed Farid has emphasised the importance of establishing actuarial departments within insurance companies, given the vital role actuarial models and estimates play in assessing risks, pricing insurance products and enhancing insurance companies' financial stability.
India's first private sector reinsurance company is set to commence operations soon.
The Saudi Council of Health Insurance has issued a decision requiring all government healthcare facilities to contract with health insurance companies, with effect from 1 July 2025.
Initiatives and regulations introduced by the Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has stemmed the use of fake surety insurance policies in the country, according to Insurance Association of Turkey (TSB) vice president Ahmet Yasar.
The Shura Council, the upper house of the National Assembly, has passed a proposal to make professional liability insurance compulsory in the healthcare industry.
Military personnel, government employees, and public-school teachers are barred from holding Chinese residency permits, as Beijing continues efforts to undermine Taiwan's sovereignty and blur Taiwanese identity, Mainland Affairs Council (MAC) Minister Chiu Chui-Cheng said.
RHB Investment Bank (RHB IB) believes that Malaysia's upcoming revision of private general practitioner (GP) consultation fees will not financially affect hospitals, as their pricing is governed by separate regulations.
The House of Representatives has passed the Nigerian Insurance Industry Reform Act Bill, 2025, following in the footsteps of the Senate that did so in December 2024. The vote last week took the Bill one step closer to being signed into law.
The Securities and Exchange Commission of Pakistan (SECP) has amended the General Takaful Accounting Regulations, 2019, for takaful companies to disclose their takaful results in their published financial statements.
India's central bank Reserve Bank of India (RBI) will contribute to the global efforts to mitigate the risks associated with climate change and ensure that the Indian financial system remains resilient.